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Home » Intercept, Alimera, Amarin, Amag and more all lose ground on earnings
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Intercept, Alimera, Amarin, Amag and more all lose ground on earnings

Nov. 4, 2016
By Michael Fitzhugh
Shares of Intercept Pharmaceuticals Inc. (NASDAQ:ICPT) fell nearly 16.5 percent to close at $98.20 on Thursday as the company reported third-quarter revenue of $5.2 million, primarily attributed to its biliary cholangitis (PBC) therapy, Ocaliva (obeticholic acid), sales of which narrowly missed analyst expectations. Net losses at the New York-based company totaled $88.8 million vs. about $51 million in the third quarter of 2015, a period before Intercept made the jump to being a commercial company.
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